Okay, I will admit the Nov numbers are much better than...I had expected. $2.2 million in a single month absolutely crushes the previous monthly record from this past August ($1.426 million), and the increase seems to be across the board. Sales at Namaste doubled, EDIT was over 50% higher than it has ever been, drop shipping was way up, and maybe most importantly, they seemed to have worked the kinks out on their Amazon sales and reported a great number for that (and reported it on its own, as a new revenue category).
Of course, these numbers includes a recent acquisition and also the sales through ACB that started in very late October (and these are ongoing revenue streams) but they also included the one-time events of Black Friday and Cyber Monday and the significant sales that Namaste had for those events, so it will be interesting to see what the monthly revenues are in the coming months.
They should get a nice bump in December from holiday shopping but January will be the real test, once the holiday season has ended, as we will get an idea of what their 'normal' revenue levels will look like.
Of course, by the time January revenue numbers are released in early February, we should have received a few CannMart updates by then, and they MIGHT even have their HC selling license by then so the vape revenue numbers won't matter as much, as CannMart will be the primary factor affecting Namaste's price.
For now, though, I will enjoy the November numbers along with other shareholders, and hope this is a catalyst to drive the share price higher and not a case of 'sell on news', which tends to happen all too frequently with Namaste. Certainly, if there is any dip in share price today, I will be buying more shares, as Namaste is clearly showing us that they know how to execute.
Anyway, great job Namaste Management, great job.
BB
btw, I really like Namaste's transparency (as much as they legally can, anyway), with the show yesterday, the frequent interviews with Sean, their willingness to answer investor questions quickly, etc. Namaste is doing things the right way.